Bright Smart Securities & Commodities Group Limited (00434.HK) issued a profit warning, expecting a first-quarter net loss of approximately HK$200 million to HK$220 million for shareholders.

Wisdom Financial News APP News, Boya Interactive (00434.HK) announced that due to the decrease in the price of Bitcoin during the first quarter of 2025, the fair value of the group's digital assets as of March 31, 2025, was lower than the fair value of digital assets as of December 31, 2024, resulting in an expected loss of approximately HK$200 million to HK$220 million for the three months ended March 31, 2025 (compared to a profit of approximately HK$388 million for the three months ended March 31, 2024 (restated)). Excluding the impact of non-operating one-time factors such as changes in the fair value of financial assets such as digital assets and equity investments in partnership enterprises, the group expects a decrease in profit attributable to owners of the company by approximately 25% to 30% for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, mainly due to a slight decrease in revenue expectations for the first quarter of 2025 compared to the same period in 2024 and a decrease in bank deposits due to the purchase of encrypted currency, resulting in a decrease in expected interest income for the period.